v3.25.3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 99.4	$ 99.8
Receivables, less allowances of $8.1 and $7.1, respectively	249.3	259.1
Inventories	205.9	183.8
Prepaid and other current assets	43.7	33.9
Total current assets	598.3	576.6
Property, plant and equipment, less accumulated depreciation of $351.2 and $310.9, respectively	192.1	184.4
Operating lease assets	54.7	54.6
Goodwill	208.3	185.6
Intangible assets, net	55.9	58.7
Other assets	147.6	130.2
Total assets	1,256.9	1,190.1
LIABILITIES AND EQUITY
Current portion of long-term debt	0.4	1.3
Accounts payable	110.6	126.9
Employee compensation and benefits	48.9	53.1
Other current liabilities	121.6	110.9
Total current liabilities	281.5	292.2
Long-term debt	238.3	198.2
Long-term operating lease liabilities	34.3	36.3
Employee benefits	14.9	13.5
Deferred income taxes	1.2	4.9
Other liabilities	44.0	22.9
Total long-term liabilities	332.7	275.8
Total liabilities	614.2	568.0
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 18,259,632 and 18,849,456 shares issued and outstanding, respectively	6.9	7.1
Additional paid-in capital	26.6	76.7
Retained earnings	641.5	609.7
Accumulated other comprehensive loss	(34.1)	(72.7)
Total Tennant Company shareholders' equity	640.9	620.8
Noncontrolling interest	1.8	1.3
Total equity	642.7	622.1
Total liabilities and total equity	$ 1,256.9	$ 1,190.1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

TENNANT CO 10-Q